The role of non-renewable energy consumption in economic growth and carbon emission: Evidence from oil producing economies in Africa

Awodumi, Olabanji Benjamin; Adewuyi, Adeolu O.

doi:10.1016/j.esr.2019.100434

Cited by 292 publications

(122 citation statements)

References 57 publications

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“…The increased economic growth in most emerging and developed countries is witness to this. This paper is thus in line with the latest theory of development, which internalizes technology within functions of production (Benjamin and Olusegun 2020;.…”

Section: Theoretical Frameworksupporting

confidence: 71%

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?

Fatima

Shahzad

Cui

2020

Journal of Environmental Planning and Management

133

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This study analyzes the effects of increased income and renewable energy on environmental quality, which has been ignored in the existing literature. An important contribution of this study is to analyze the role of renewable and nonrenewable energy in relation to the rising level of carbon emissions in the leading emitting countries. This research further examines the heterogeneous impacts of rising income levels and EKC investigation for CO 2 emissions. The Kao cointegration, generalized method of moments (GMM), random effects, fixed effect (FE) regression models, and panel causality techniques are employed for panel data estimations. The empirical outcomes mention that an increase in income moderates the ratio of consumption of renewable energy to CO 2 emissions. Increased income contributes more to the energy mix, which contributes to environmental pollution, through nonrenewable energy. This research reports policy-relevant critical masses beyond which an increase in income negatively affects the link between renewable energy and CO 2 emissions.

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Section: Theoretical Frameworksupporting

confidence: 71%

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?

Fatima

Shahzad

Cui

2020

Journal of Environmental Planning and Management

133

View full text Add to dashboard Cite

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“…Adequate, safe and sustainable energy is the basic guarantee of national economic development and social progress [ 1 ]. At present, many countries are faced with the problems of low energy consumption per capita and high pressure on energy demand, which have led to conflicts between energy supply and economic development, especially in developing countries [ 2 ]. The development of renewable energy can save resources, ease energy pressure and realize the sustainable development of energy.…”

Section: Introductionmentioning

confidence: 99%

Evolution of Renewable Energy in BRI Countries: A Combined Econometric and Decomposition Approach

Dong

Pan

2020

IJERPH

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The development of renewable energy is an important cooperation theme among countries along the Belt and Road Initiative (BRI countries). Through map description, we first explore the changes in renewable energy consumption in BRI countries. Then, β-convergence is employed to examine the development direction of renewable energy consumption in BRI countries. Finally, based on the expanded Kaya equation, we decompose the factors effecting renewable energy consumption into energy structure effect, energy intensity effect, low-carbon economic effect, carbon emission effect, population distribution effect and population effect. The Logarithmic Mean Divisia Index (LMDI) is utilized to calculate the contribution of each factor to renewable energy consumption in the expanded Kaya equation. Our research reaches the following conclusions: (1) β-convergence exists in renewable energy consumption among BRI countries, indicating that it will converge to a relatively stable level, and countries with low renewable energy consumption will increase their renewable energy consumption with a higher convergence rate to chase the countries with high renewable energy consumption. (2) Energy structure effect makes a positive impact on renewable energy consumption, and is the main contributor to renewable energy consumption. (3) The energy intensity effect makes a negative contribution to renewable energy consumption, and the negative impact has deepened in recent years. (4) Both the low-carbon economic effect and the carbon emission effect have positive impacts on renewable energy consumption. Our research not only provides a description of the experience of developing renewable energy for BRI countries, but also makes reference to other organizations.

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“…The impact of NRE on growth among leading oil producers in Africa between 1980 and 2015 revealed an asymmetric effect of the former on economic growth and CO 2 emission in all nations under analysis, except Algeria (Awodumi and Adewuyi, 2020). Findings from the study emphasized that in Nigeria, positive changes in NRE consumption hinders growth and dilutes CO 2 emissions.…”

Section: Literature Reviewmentioning

confidence: 87%

“…Higher consumption of energy, viz. energy intensity imposes negative consequences on economic development, as demonstrated by Apergis and Payne (2010); Ocal and Aslan (2013), Maji (2015); Venkatraja (2019), Awodumi and Adewuyi, 2020. Between positive and negative impact, some studies demonstrate a neutral effect between energy consumption and growth -which means that higher or lower energy consumption has no impact on economic growth, as demonstrated by Ozturk and Acaravci (2011); Aïssa et al (2014), Ozcan and Ozturk (2019); Razmi et al (2020), among others.…”

Section: Introductionmentioning

confidence: 99%

Energy Diversification and Economic Development in Emergent Countries: Evidence From Fourier Function-Driven Bootstrap Panel Causality Test

et al. 2021

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Energy is a crucial development indicator of production, consumption, and nation-building. However, energy diversification highlighting renewables remains salient in economic development across developing economies. This study explores the economic impact of renewables (RE) and fossil fuel (NRE) utilization in 17 emerging nations. We use annual data with timeframe between 1980 and 2016 and propose a bootstrap panel causality approach with a Fourier function. This allows the examination of multiple structural breaks, cross-section dependence, and heterogeneity across countries. We validate four main hypotheses on the causal links attached to the energy consumption (EC)-growth nexus namely neutrality, conservation, growth, and feedback hypotheses. The findings reveal a causal relationship running from RE to GDP for Brazil, Egypt, Indonesia, Korea, Pakistan, and the Philippines, confirming the growth hypothesis. Besides, the results validate the conservation hypothesis with causality from GDP to RE for China, Colombia, Egypt, Greece, India, Korea, South Africa, and Turkey. We identify causality from NRE to GDP for Pakistan, Mexico, Malaysia, Korea, India, Greece, Egypt, and Brazil; and from GDP to NRE for Thailand, Peru, Malaysia, India, Greece, Egypt, and Colombia. We demonstrate that wealth creation can be achieved through energy diversification rather than relying solely on conventional energy sources.

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The role of non-renewable energy consumption in economic growth and carbon emission: Evidence from oil producing economies in Africa

Cited by 292 publications

References 57 publications

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?

Evolution of Renewable Energy in BRI Countries: A Combined Econometric and Decomposition Approach

Energy Diversification and Economic Development in Emergent Countries: Evidence From Fourier Function-Driven Bootstrap Panel Causality Test

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The role of non-renewable energy consumption in economic growth and carbon emission: Evidence from oil producing economies in Africa

Cited by 292 publications

References 57 publications

Renewable and nonrenewable energy consumption, trade and CO2 emissions in high emitter countries: does the income level matter?

Renewable and nonrenewable energy consumption, trade and CO2 emissions in high emitter countries: does the income level matter?

Evolution of Renewable Energy in BRI Countries: A Combined Econometric and Decomposition Approach

Energy Diversification and Economic Development in Emergent Countries: Evidence From Fourier Function-Driven Bootstrap Panel Causality Test

Contact Info

Product

Resources

About

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?

Renewable and nonrenewable energy consumption, trade and CO₂ emissions in high emitter countries: does the income level matter?